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Apr 30

TECHNICAL ANALYSIS BY NSFX 30.04.2014

By:

High:  Low: 

The exchange rate found resistance against the bearish supply line that links lower highs and probably will test the 200 SMA in area 10.4441. The multiyear rally would be considered finished below the trendline generated on June 2011. A breakout of the supply line should lift the pair to test the 2014 top.

R3
R2
R1
S1
S2
S3